Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

The decline in GDP in 2020 to be compensated in 2021

Economy Minister Emil Nikolov
Photo: BGNES

The forecasts are for a decline in GDP this year of about 7%, but next year it will increase by 6%, which shows good condition, Bulgaria's Economy Minister Emil Karanikolov told the Bulgarian National Television. It was more important to protect people's lives and health. We have not closed the economy, we have not closed whole sectors, but our economy depends entirely on the European one. Supply links need to be shortened, he commented.

Together with Croatia, we will have the greatest opportunities to take advantage of this, because in the opinion of the European Commission, we entered this crisis extremely prepared, the Minister stressed. We are currently negotiating with large companies and I do not think that there is any problem for them to invest in our country, Karanikolov added.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Cool atmospheric front will pass through the country

On Wednesday, the minimum temperatures in Bulgaria will be from 11 to 16°C, in Sofia - 14°C . A cold atmospheric front will pass through the country, with cloudiness being more often significant. From the northwest to the southeast, it will rain in..

published on 9/16/25 7:35 PM

Bulgarian infrastructure to be modernized with the help of concessions

In addition to using EU funds, accelerating the development of key infrastructure projects can be achieved through concession mechanisms. This is a tool that the European Commission encourages. This was what Deputy Prime Minister and Minister of..

published on 9/16/25 6:33 PM

Sixth unit of Kozloduy NPP will also operate with US fuel

The sixth unit of the Kozloduy NPP will also start operating with American nuclear fuel next year. The first six Westinghouse cartridges will be placed in the reactor to determine their effect on electricity production. This became clear at a..

published on 9/16/25 6:18 PM